Are you serious? Why do you open a new thread to ask this question again? it has been answered a lot of times, if you really think that we are on a bubble, just switch all your money to bitcoin cash, or just withdraw it.
How many times are we really going to see this kind of questions once and once again?
Topic: Where are we in the bubble (Read 106 times)
I think we are at the stage where the majority of people use crypto just for speculation and getting rich quick schemes. The point we are now is closer to money making than mass adoption of the underlying technology, which is not necessarily a bad thing, because money spreads awareness, but I'd rather like to see crypto adopted for what it really is, not for making people rich.
It has turned exactly into how rich can I get from crypto which is bad but understandable. You get it because everybody here is trying to make money and BTC not lose it but at the same time it is the marking of a bubble especially when those new participants don't know anything of the tech. In that regard when a crash happens it will crash harder because noobs will panic sell not knowing what they have in their hands. If you explained every part of bitcoin to somebody and they then sold I would say okay but at least they know what they have and what they are selling. Knowledge is critical as we move along here we need to educate people on cryptos.
I think we are at the stage where the majority of people use crypto just for speculation and getting rich quick schemes. The point we are now is closer to money making than mass adoption of the underlying technology, which is not necessarily a bad thing, because money spreads awareness, but I'd rather like to see crypto adopted for what it really is, not for making people rich.
The title might imply that I am bearish, though I want to stress this is NOT the case. I am very bullish on crypto, however I am also accepting the fact that we are in a bubble. This is not necessarily negative, I think all major innovations are going through bubbles in order to pick the winners at last, and I do NOT view crypto as the tulip mania, more like internet adoption.
The big question is: where are we in this bubble? Are we in the very beginning thus we can expect the market to go higher for a couple of more years, of course with some pull backs along the way. Or are we in the mature phase, or in the very end?
Personally, I believe we are in the phase where major adoption is about to happen, and I see the market of 2018 is going to be wonderful. However, I am looking for other peoples opinions. What is your belief?
The big question is: where are we in this bubble? Are we in the very beginning thus we can expect the market to go higher for a couple of more years, of course with some pull backs along the way. Or are we in the mature phase, or in the very end?
Personally, I believe we are in the phase where major adoption is about to happen, and I see the market of 2018 is going to be wonderful. However, I am looking for other peoples opinions. What is your belief?
Jump to: